ARDENNES-SEJOURS: what changed
What changed
ARDENNES-SEJOURS
NACE 55.203, Holiday cottages, homes and apartments
filed annual accounts (NBB)
Net result for the year
€25,539
2024 · €17,826+€7,713
Equity
€303,318
2024 · €278,648+€24,670
Cash
€28,869
2024 · €8,134+€20,735
Balance sheet total
€1.1m
2024 · €1.0m+€77,696
Largest movements
Assets
- Tangible fixed assets +€85,434
up €85,434 (+8.9%), from €955,162 to €1.0m
of which Plant, machinery and equipment: +€122,872
- Cash +€20,735
up €20,735 (+255%), from €8,134 to €28,869
mainly Depreciation (+€72,120) and Other debts (+€58,720)
- Receivables within one year -€14,486
down €14,486 (-42.7%), from €33,904 to €19,417
of which Trade receivables: -€10,705
- Current investments -€14,051
down €14,051 (-99.2%), from €14,166 to €115
Equity and liabilities
- Other debts +€58,720
up €58,720 (+375%), from €15,675 to €74,395
- Profit (loss) carried forward +€28,605
up €28,605 (+21.8%), from €131,166 to €159,771
- Trade debts +€24,096
up €24,096 (+71.5%), from €33,718 to €57,814
- Debts after one year -€19,744
down €19,744 (-3.8%), from €525,390 to €505,647
- Advances received -€15,451
down €15,451 (-48.7%), from €31,735 to €16,283
Income statement
- Other operating charges -€14,065
down €14,065 (-47.0%), from €29,913 to €15,848
- Gross operating margin -€5,900
down €5,900 (-3.8%), from €153,622 to €147,723
- Taxes -€3,608
down €3,608 (-37.6%), from €9,608 to €6,000
- Depreciation +€1,891
up €1,891 (+2.7%), from €70,228 to €72,120
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,826
Gross operating margin
-€5,900
Depreciation
-€1,891
Other operating charges
+€14,065
Financial income
-€199
Financial charges
-€236
Taxes
+€3,608
Deferred taxes and other
-€1,734
Result 2025
€25,539
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€175,556
Investment
-€143,503
Financing
-€11,318
Cash 2024
€8,134
From operations (derived)
+€175,556
Net result for the year
+€25,539
Depreciation
+€72,120
Receivables within one year
+€14,486
Deferred charges and accrued income
-€64
Provisions
-€1,312
Trade debts
+€24,096
Tax, wage and social debts
-€4,242
Advances received
-€15,451
Other debts
+€58,720
Accrued charges and deferred income
+€1,664
Investment (derived)
-€143,503
Investment in fixed assets (net)
-€157,554
Current investments
+€14,051
Financing
-€11,318
Debts after one year
-€19,744
Current portion of long-term debt
+€9,295
Contributions, distributions and other
-€869
Cash 2025
€28,869
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,011,545 | €1,089,241 | +€77,696 | +7.7% |
| Fixed assets | 21/28 | €955,342 | €1,040,776 | +€85,434 | +8.9% |
| Tangible fixed assets | 22/27 | €955,162 | €1,040,596 | +€85,434 | +8.9% |
| Land and buildings | 22 | €605,742 | €584,149 | -€21,593 | -3.6% |
| Plant, machinery and equipment | 23 | €285,622 | €408,494 | +€122,872 | +43.0% |
| Furniture and vehicles | 24 | €63,797 | €47,953 | -€15,844 | -24.8% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €56,204 | €48,465 | -€7,739 | -13.8% |
| Amounts receivable within one year | 40/41 | €33,904 | €19,417 | -€14,486 | -42.7% |
| Trade receivables | 40 | €16,437 | €5,732 | -€10,705 | -65.1% |
| Other amounts receivable | 41 | €17,467 | €13,686 | -€3,781 | -21.6% |
| Current investments | 50/53 | €14,166 | €115 | -€14,051 | -99.2% |
| Cash at bank and in hand | 54/58 | €8,134 | €28,869 | +€20,735 | +255% |
| Deferred charges and accrued income | 490/1 | - | €64 | +€64 | |
| Total equity and liabilities | 10/49 | €1,011,545 | €1,089,241 | +€77,696 | +7.7% |
| Equity | 10/15 | €278,648 | €303,318 | +€24,670 | +8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €120,960 | €117,894 | -€3,066 | -2.5% |
| Non-distributable reserves | 130/1 | €1,519 | €1,519 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,519 | €1,519 | = | 0.0% |
| Tax-exempt reserves | 132 | €119,441 | €116,375 | -€3,066 | -2.6% |
| Profit (loss) carried forward | 14 | €131,166 | €159,771 | +€28,605 | +21.8% |
| Investment grants | 15 | €6,522 | €5,653 | -€869 | -13.3% |
| Provisions and deferred taxes | 16 | €41,988 | €40,676 | -€1,312 | -3.1% |
| Deferred taxes | 168 | €41,988 | €40,676 | -€1,312 | -3.1% |
| Amounts payable | 17/49 | €690,909 | €745,247 | +€54,338 | +7.9% |
| Amounts payable after more than one year | 17 | €525,390 | €505,647 | -€19,744 | -3.8% |
| Financial debts | 170/4 | €525,390 | €505,647 | -€19,744 | -3.8% |
| Amounts payable within one year | 42/48 | €165,102 | €237,520 | +€72,418 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €77,367 | €86,662 | +€9,295 | +12.0% |
| Trade debts | 44 | €33,718 | €57,814 | +€24,096 | +71.5% |
| Suppliers | 440/4 | €33,718 | €57,814 | +€24,096 | +71.5% |
| Advances received on contracts in progress | 46 | €31,735 | €16,283 | -€15,451 | -48.7% |
| Taxes, remuneration and social security | 45 | €6,607 | €2,365 | -€4,242 | -64.2% |
| Taxes | 450/3 | €5,107 | €865 | -€4,242 | -83.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €15,675 | €74,395 | +€58,720 | +375% |
| Accrued charges and deferred income | 492/3 | €417 | €2,081 | +€1,664 | +399% |
| Non-recurring operating income | 76A | €16,735 | - | -€16,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,228 | €72,120 | +€1,891 | +2.7% |
| Other operating charges | 640/8 | €29,913 | €15,848 | -€14,065 | -47.0% |
| Gross operating margin | 9900 | €153,622 | €147,723 | -€5,900 | -3.8% |
| Operating profit (loss) | 9901 | €53,481 | €59,755 | +€6,274 | +11.7% |
| Financial income | 75/76B | €1,271 | €1,072 | -€199 | -15.7% |
| Recurring financial income | 75 | €1,271 | €1,072 | -€199 | -15.7% |
| Financial charges | 65/66B | €30,363 | €30,600 | +€236 | +0.8% |
| Recurring financial charges | 65 | €30,363 | €30,600 | +€236 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €24,389 | €30,227 | +€5,838 | +23.9% |
| Transfer from deferred taxes | 780 | €7,229 | €1,312 | -€5,917 | -81.9% |
| Transfer to deferred taxes | 680 | €4,184 | - | -€4,184 | |
| Income taxes | 67/77 | €9,608 | €6,000 | -€3,608 | -37.6% |
| Profit (loss) for the period | 9904 | €17,826 | €25,539 | +€7,713 | +43.3% |
| Transfer from tax-exempt reserves | 789 | €20,883 | €3,066 | -€17,817 | -85.3% |
| Transfer to tax-exempt reserves | 689 | €12,552 | - | -€12,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,158 | €28,605 | +€2,448 | +9.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.